Some investors and economists have characterized it as a speculative bubble at various times. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining, price volatility, and thefts from exchanges. They can be exchanged for other currencies, products, and services. 1īitcoins are created as a reward for a process known as mining. The currency began use in 2009 when its implementation was released as open-source software. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Without proper rendering support, you may see question marks, boxes, or other symbols.īitcoin ( ₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
This article contains special characters.
₿ (Unicode: U+20BF ₿ BITCOIN SIGN (HTML ₿ )) It is not to be confused with "฿" for Thai baht.
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